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RE: If you had an opportunity to talk to an investor about STEEM, would you?

in #cryptocurrency6 years ago

The point being that we need a direct way into Steem from fiat rather than through 2 or 3 middlemen that all want a cut. An investor usually only pays commission to 1 entity; not 3; so the investor will look for an investment with less overhead. We really need to fix this stumbling block if we want to get serious.

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I agree with that, I wish I knew of a way to make that happen legally... there seems to be a big legal hurdle there.

Seems to me that all we need is an exchange that trades direct in Steem. There is such an exchange for bitcoin; Bitonic. They verify your bank account for the first small trade and you are good to go for future trades. They actually stock around 400 BTC and can deliver right away. For larger transactions they make special arrangements. If I could only get them to do the same for Steem.